[sdiy] EMS Synthi 100 insanely rare analogue synthesizer

[mskala at ansuz.sooke.bc.ca]

On Wed, 7 Oct 2015, Needham, Alan wrote:
> But your description would require "buy it now OR BEST OFFER" - this is just "70k or no deal"

I don't think that's what "Buy It Now" means in the context of eBay.

Setting a BIN price means the seller is willing (and commits) to terminate
the auction and sell immediately at the BIN price.  Having an auction at
all means they're willing to sell, at the end of the auction, at the price
set by the auction.  A minimum price below which they're not willing to
sell would be called a "reserve" and shown as part of the auction rules;
it's not at all the same as BIN.  In fact, it's more like the opposite:
BIN is like a *maximum* price, because someone willing to pay it would
presumably do so instead of bidding in the auction.

-- 
Matthew Skala
mskala at ansuz.sooke.bc.ca                 People before principles.
http://ansuz.sooke.bc.ca/